Two-Story Flex
1429 Smith Street Kissimmee, FL 34744
1429 Smith Street, Kissimmee, FL, 34744
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For Sale
Contact for pricing
Versatile two-story flex building with grade-level loading and fenced parking.
Property Size7,020 SF
Price / SF$299.15
Days on Market84
Property Features for 1429 Smith Street
General Information
- Standard status
- Active
- Size
- 7,020 SF
- Property subtype
- Hospitality, Industrial, Mixed Use
Building Details
- Year Built
- 1992
Listing agency
Colliers - Orlando, Florida
(407) 748-8970
Listed by
Rafael Mendez, CCIM · License #BK3317523
Source
Crexi
Added: Apr 29 Updated: Jul 20 at 7:08PM Checked: Jul 21 at 4:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Orlando, Florida
Investment Insights
Based on property information with market context.
This versatile two-story flex building is designed to accommodate a range of uses under KB3 zoning. The property includes a grade-level loading door for efficient access and a concrete surface parking area intended for durability and low maintenance. A fully fenced parking and lot layout adds an additional layer of security.
The building is located at 1429 Smith Street in Kissimmee, FL 34744. KB3 zoning allows for retail, restaurants, services, and more, supporting flexible tenant and buyer use options aligned with the property’s functional layout and loading access.
The building is located at 1429 Smith Street in Kissimmee, FL 34744. KB3 zoning allows for retail, restaurants, services, and more, supporting flexible tenant and buyer use options aligned with the property’s functional layout and loading access.
Key Highlights
- Two‑story flex building built in 1992
- KB3 zoning allows for retail, restaurants, services, and more
- Grade‑level loading door for efficient access
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.1k | $17.40 |
| − Vacancy | −$9.5k | −$1.36 |
| EGI | $112.6k | $16.04 |
| − OpEx | −$33.8k | −$4.81 |
| NOI | $78.8k | $11.23 |
7,020 SF · lease $17.40/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$985.4K – $1.31M
NOI $78,834 @ 7.0% cap · market cap 3.75%
Second Best
Flex RnD
$539.7K
$472.3K – $629.7K
NOI $37,782 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,088 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Unique Events & Catering — 1019 N Main St, Kissimmee, FL 34744
FAQs
What type of property is this?
Flex space - Versatile two-story flex building with grade-level loading and fenced parking.
Where is this flex space located?
The property is located at 1429 Smith Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two‑story flex building built in 1992; KB3 zoning allows for retail, restaurants, services, and more; Grade‑level loading door for efficient access
